EmailThe consumer discretionary group is underperforming the broader market in early trade. The retail group is mixed with the Retail HOLDRS Trust (RTH) 0.1% and the SPDR S&P Retail ETF (XRT) flat. Trading higher following guidance: GET +0.6%... Trading lower following earnings/guidance: DRI -1.9%, CCL -1.4%. Other notable mentions: EXPE flat (following cautious mention on MadMoney)... Leaders: IILG 8.6% (closes amended and restated $500 million revolving credit facility), MNST 0.4% (will replace Sara Lee in the S&P 500 index), IGT 0.7% (granted license from Gaming Commission for online poker), WYNN 0.6% (Wynn Resorts has won a ruling against Kazuo Okada sending lawsuit back to state Court, according to reports), Laggards: BBBY -1% (under continued pressure despite Barron's positive view).
Analyst related: Upgrades: JACK 3% (upgraded to Buy from Underperform at BofA/Merrill), TFM 0.5% (upgraded to Overweight from Neutral at Piper Jaffray), PBY 2% (upgraded to Buy from Sell at Argus)... Downgrades: NKE flat (downgraded to Sell at McAdams Wright Ragen)... Misc: EL flat and RDEN 1.3% (initiated with an Outperform at Wells Fargo), CROX 1.2% (initiated with a Buy at The Benchmark Company), FB 3.1% (initiated with a Buy at Nomura), SHW -flat (initiated with a Neutral at Robert W. Baird), VFC 0.2% (initiated with an Overweight at JPMorgan), RL -0.7%, PVH flat and WRC -0.4% (initiated with a Neutral at JPMorgan), BEAM flat (resumed with a Neutral at JP Morgan), ZNGA 3.9% (mentioned positively at Lazard), LVS -0.2% and WYNN 0.6% (estimates cut at BofA/Merrill),
